Short Interest in New World Development Co. (OTCMKTS:NDVLY) Declines By 20.6%

New World Development Co. (OTCMKTS:NDVLY) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 33,236 shares, a decrease of 20.6% from the February 12th total of 41,877 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 4,851 shares, the days-to-cover ratio is currently 6.9 days. Based on an average daily volume of 4,851 shares, the days-to-cover ratio is currently 6.9 days. Approximately 0.0% of the company’s shares are short sold.

New World Development Stock Down 15.0%

Shares of New World Development stock traded down $0.09 during trading on Monday, reaching $0.51. 2,253 shares of the company were exchanged, compared to its average volume of 2,360. The business has a 50-day moving average price of $0.58 and a 200-day moving average price of $0.49. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 0.70. New World Development has a twelve month low of $0.21 and a twelve month high of $0.80.

About New World Development

New World Development Company Limited is a Hong Kong–based conglomerate founded in 1970 by Dr. Cheng Yu-Tung. The company’s core business lies in property development and investment, encompassing residential, commercial and retail projects. Through its flagship developments and joint ventures, New World Development has established a reputation for large-scale mixed-use complexes, premium office towers and luxury residential communities in Greater China and beyond.

Beyond property, New World Development has diversified into infrastructure and services via its listed subsidiary, NWS Holdings.